Yup, Same here, must be a bug. I'm sure they'll issue a fix soon... However, previous poster was correct, there is a workaround by adding all desired presets to a new project and sending that to MicroFreak. It will overwrite all current presets , so you may want to export your current presets into a new project first, and use that, adding the new ones on top. I now have 449 presets on my 'Freak, which is basically Factory Presets 3.0, New Presets 4.0 and New Presets 5.0. Plus 50-odd INITs to mess about with :-)